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Fair Value Measurements (Tables)
 12 Months Ended
Jun. 27, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The Company’s assets and liabilities measured at fair value for the periods presented are as follows (in millions):
 
June 27, 2020
 
June 29, 2019
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
Assets:
 

 
 

 
 

 
 
 
 

 
 

 
 

 
 
Debt available-for-sale securities:
 

 
 

 
 

 
 
 
 

 
 

 
 

 
 
Asset-backed securities
$
0.5

 
$
—

 
$
0.5

 
$
—

 
$
0.6

 
$
—

 
$
0.6

 
$
—

Total debt available-for-sale securities
0.5

 
—

 
0.5

 
—

 
0.6

 
—

 
0.6

 
—

Money market funds
334.6

 
334.6

 
—

 
—

 
322.9

 
322.9

 
—

 
—

Trading securities
1.4

 
1.4

 
—

 
—

 
1.5

 
1.5

 
—

 
—

Foreign currency forward contracts (1)
2.2

 
—

 
2.2

 
—

 
1.2

 
—

 
1.2

 
—

Total assets (2)
$
338.7

 
$
336.0

 
$
2.7

 
$
—

 
$
326.2

 
$
324.4

 
$
1.8

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liability:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts (3)
$
1.5

 
$
—

 
$
1.5

 
$
—

 
$
4.0

 
$
—

 
$
4.0

 
$
—

Contingent consideration (4)
9.9

 
—

 
—

 
9.9

 
38.4

 
—

 
—

 
38.4

Total liabilities
$
11.4

 
$
—

 
$
1.5

 
$
9.9

 
$
42.4

 
$
—

 
$
4.0

 
$
38.4

(1) 
$2.2 million and $1.2 million in prepayments and other current assets on the Company’s Consolidated Balance Sheets as of June 27, 2020 and June 29, 2019, respectively.
(2) 
Includes as of June 27, 2020, $327.2 million in cash and cash equivalents, $1.4 million in short-term investments, $3.4 million in restricted cash, $2.2 million in prepayments and other current assets, and $4.5 million in other non-current assets on the Company’s Consolidated Balance Sheets. Includes as of June 29, 2019, $315.5 million in cash and cash equivalents, $1.5 million in short-term investments, $3.5 million in restricted cash, $1.2 million in prepayments and other current assets and $4.5 million in other non-current assets on the Company’s Consolidated Balance Sheets.
(3) 
Includes $1.5 million and $4.0 million in other current liabilities on the Company’s Consolidated Balance Sheets as of June 27, 2020 and June 29, 2019, respectively.
(4) 
Includes $9.4 million and $37.7 million in other non-current liabilities and $0.5 million and $0.7 million in other current liabilities as of June 27, 2020 and June 29, 2019, respectively.
Schedule of Changes in Fair Value of Level 3 Liabilities
The following table provides a reconciliation of changes in fair value of the Company’s Level 3 liabilities for the year ended June 27, 2020 and June 29, 2019, as follows (in millions):
 
RPC
 
Other (1)
 
Total
Balance: June 30, 2018
$
—

 
$
—

 
$
—

  Additions to Contingent Consideration
36.2

 
8.1

 
44.3

  Change in Fair Value measurement
(5.9
)
 
—

 
(5.9
)
Balance: June 29, 2019
$
30.3

 
$
8.1

 
$
38.4

  Additions to Contingent Consideration
—

 
3.7

 
3.7

  Change in Fair Value measurement
(29.6
)
 
(1.9
)
 
(31.5
)
  Payments of Contingent Consideration
(0.7
)
 
—

 
(0.7
)
Balance June 27, 2020
$
—


$
9.9


$
9.9

(1)
See Note 5. Acquisitions and of the Notes to the Company’s Consolidated Financial Statements for more detail.